Binastra Corp is eyeing to resume the upside movement after staging a bullish breakout. The stock printed a white candlestick yesterday and closed above the MYR1.55 resistance, showing the bullish momentum is picking up pace again. After the breakout, we expect the counter to continue climbing towards the next resistance at MYR1.65, followed by the MYR1.80 level. On the downside, a fall below the MYR1.42 support will negate the bullish setup.

Source: RHB Securities Research - 28 Nov 2024